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Daily Asia Gaming eBrief: The Star refinancing deal collapses

Summary by Asia Gaming News | AGB - Asia Gaming Brief

A ray of sunshine can quickly become blocked by a cloud. Such appears to be the case for Australian gaming operator The Star, which saw a massive potential lifeline fall through, as it couldn’t meet the terms. Now, the operator is likely to seek out Bally’s for a bailout and make sacrifices to do so. The post Daily Asia Gaming eBrief: The Star refinancing deal collapses first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

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The Star Entertainment at risk of collapse

The Star Entertainment Group has announced that Salter Brothers Capital has withdrawn its AU$940 million refinancing proposal, intensifying concerns over the company’s financial health. In a filing with the Australian Securities Exchange, The Star explained that despite in-depth discussions with Salter Brothers, regulators, and state authorities, no formal debt agreement was secured. The company cited unworkable lender conditions, such as demand…

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